USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.82% against the CHF and closed at 0.9647.
In the Asian session, at GMT0300, the pair is trading at 0.9638, with the USD trading 0.1% lower from yesterday’s close.
The pair is expected to find support at 0.9571, and a fall through could take it to the next support level of 0.9505. The pair is expected to find its first resistance at 0.9738, and a rise through could take it to the next resistance level of 0.9839.
Amid a light economic calendar in Switzerland today, market participants would monitor Swiss producer and import prices data, scheduled in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
